What is the Parent Plus Loan?
It is a loan which the lender is the federal government. Other college loans will come from private lenders such as a bank.

The Federal Plus Loan – a loan which parents receive to help their dependent children afford education. This loan is NOT based on financial need, but most colleges in Florida will require the completion of the FAFSA – The Free Application for Federal Student Aid before the college will process the Parent Plus Loan.

There is a credit check which is required to be approved for the PLUS loan. When a parent’s credit is not approved the federal regulations allow the college student to receive a Stafford Loan – an unsubsidized loan.